India Loses Textile Export Advantage in US Deal.webp


New Delhi, February 10 The Congress on Tuesday claimed that the India-US trade deal is not a "carefully planned opening," but a "forced opening," and that India has been "forced to concede" more than it has received.

In a post on X, Congress general secretary, communications, Jairam Ramesh said, "It did not take long for President Trump and his team to expose the exaggerated claims being made by the Prime Minister and his many supporters regarding the Indo-US trade deal."

Clearly, the US' understanding of the deal is very different from the propaganda being put out by the Modi government, he said.

"This is not a carefully planned opening, but a forced opening. India has been forced to concede more than it has received. And now, our much-touted advantage over Bangladesh in textile exports to the US has vanished, as the details of the US-Bangladesh trade deal have just been announced," Ramesh said in his post.

Bangladesh has secured a reduced 19 per cent tariff under a trade agreement with the United States that would exempt some textiles and garments manufactured with US materials, its interim government chief Muhammad Yunus said.

In an X post on Monday, he said that Washington had "committed to establishing a mechanism for certain textile and apparel goods from Bangladesh using US-produced cotton and man-made fibre to receive zero reciprocal tariff in the US market."
 
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